Your situation sounds fishy to me. How do you pay yourself? I have a C-Corp, not an S-Corp, but I can't just "draw living expenses" out of your corp. I have to pay myself on a W2 basis and pay SS, tax witholding, etc. just like everyone else.

Maybe there's some S Corp tax loophole I'm not familiar with, but I don't think you can earn a living this way w/o earned income.

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